New partnership to manage German floating storage regasification unit

The German Federal Ministry of Economics and Climate Protection (BMWK) has selected Tree Energy Solutions (TES), E.ON, and ENGIE to collaborate on the development and implementation of Germany’s fifth Floating Storage Regasification Unit (FSRU).

Starting in the early heating season of 2023, Germany’s fifth floating storage and regasification unit (FSRU) will have an annual importing capacity of about 5bcm and help the country become more energy independent and secure by mid-century.

TES is constructing Europe’s largest Green Energy Hub in Wilhelmshaven, using a novel approach to transform abundant clean electricity generated in sunny and windy regions into clean hydrogen and cheap renewable gas. An MOU on a strategic relationship between TES and E.ON was inked at the end of March with this goal in mind. Clean, safe, inexpensive, and abundant sustainable energy in Europe will be facilitated by the green hydrogen terminal in Wilhelmshaven, which will also act as a catalyst for the transition to a carbon-neutral economy. As part of its upstream operations, TES will import renewable LNG fuelled by green hydrogen and circular CO2 from the upstream.

The FSRU project will hasten the construction of TES’s flexible, modular, and future-proof Wilhelmshaven hydrogen terminal. Within the first year of the FSRU’s operation, TES hopes to have the import of green molecules fully integrated for a swift and efficient green transition.

On behalf of the BMWK, ENGIE will charter the FSRU for a portion of the company’s LNG needs, and the company will also work with TES on the FSRU’s design and operation. In Wilhelmshaven, where TES already owns 145 hectares of land and has been developing the hydrogen terminal since 2019, Excelerate Energy will deliver the five-year chartered FSRU, following negotiations led by Engie. TES plans to begin large-scale imports of hydrogen by 2025.

In order to facilitate decarbonization and genuine net zero energy supply, the TES port will be equipped with six ship berths, two million cubic meters of onshore storage in ten on-site tanks, and direct access to natural gas, hydrogen, and CO2 pipeline networks.

Starting in 2025, TES plans to import green hydrogen from places like the United States, Canada, South America, North and Southwest Africa, the North Sea Region, the Middle East, and Australia, so the company is building a diversified portfolio of upstream green energy and tapping into the best renewable locations to do so. By doing so, we can guarantee a widespread availability of green molecules with a rapid ramp-up time.